International Companies
Charles Schwab's Q2 earnings in line, but new brokerage accounts disappoint
American financial services group Charles Schwab met analysts' estimates with its second-quarter revenues and profits on Tuesday while total client assets hit an all-time high, but shares were falling sharply in pre-market trade as the number of new brokerage accounts came up short.
Bank of America reports 'strong quarter' driven by noninterest income
Bank of America announced net income of $6. 9bn for the second quarter on Tuesday, translating to earnings per share of 83 cents.
Hugo Boss downgrades expectations amid China, UK weakness
Shares in German fashion house Hugo Boss were sliding on Tuesday morning, after the company downgraded its sales and earnings projections for the year amid diminished consumer demand, particularly in China and the UK.
Macy’s ends takeover talks with Arkhouse, Brigade
Macy’s tumbled on Monday after the department store chain said it had ended takeover talks with private equity firms Arkhouse Management and Brigade Capital Management after months of negotiations.
Goldman Sachs Q2 profits soar amid increased dealmaking
Goldman Sachs said on Monday that profits had soared 150% year-on-year in Q2 on the back of increased investment banking activity during the period.
BlackRock assets under management reach record $10.6trn
BlackRock announced a robust set of second-quarter results on Monday, as its total assets under management reached a fresh record amid growth across its platform.
Alphabet in talks to buy cyber startup Wiz for $23bn — report
Google parent company Alphabet is reportedly closing in on a deal to buy Israeli cybersecurity startup Wiz for $23bn, according to Dow Jones.
Swatch shares sink as profits plunge on weak Chinese demand
Swatch Group's share price plunged by more than a tenth on Monday morning after the high-end watch and jewellery maker reported a larger-than-expected drop in first-half profits as demand was affected by the ongoing luxury market slowdown in China.
Citigroup posts higher Q2 revenues and profit, lifts dividend
Citigroup posted higher quarterly revenues and profit, alongside an increased dividend.
Wells Fargo shares down in pre-market as Q2 net interest income falls
Banking giant Wells Fargo revealed on Friday that Q2 net interest income was almost down double-digits year-on-year.
JP Morgan reports big jump in Q2 revenues and profit, but cautions on tail risks
JP Morgan posted big increases on both its top and bottom lines, even as its boss continued to call attention to the potential risks on the horizon.
Months of AT&T call records exposed in data breach
American telecoms giant AT&T revealed on Friday that the call and text logs of its customers were hacked between May and October 2022, and said that at least one person has been arrested.
Norwegian Air shares jump as airline swings to Q2 profit
Shares in Norwegian Air surged on Friday after the carrier swung to a profit in the second quarter on the back of strong passenger growth and an improved cost performance.
Rio Tinto eyeing up possible mega deal - report
Blue chip miner Rio Tinto is understood to be eyeing up a list of possible takeover targets, it was reported on Friday, including Canada’s Teck Resources.
Ericsson warns of 'challenging' conditions, but Q2 profits beat forecasts
Swedish telecoms giant Ericsson reported a decline in sales in its second quarter and warned that market conditions would remain "challenging" for the rest of the year, but still managed to beat profit forecasts.
SoftBank snaps up UK chipmaker Graphcore
SoftBank Group has snapped up UK start-up Graphcore, it was confirmed on Friday, as the Japanese tech giant continues to expand into artificial intelligence.
Bain Capital to buy Envestnet in $4.5bn deal
Envestnet said on Thursday that it has agreed to be bought by Bain Capital in a $4. 5bn deal.
PepsiCo profits top expectations, revenue misses slightly
PepsiCo has reported a significant increase in its second-quarter profits on Thursday, surpassing Wall Street expectations despite a continuous decline in consumer demand for its snacks and beverages.
BHP suspending Western Australia nickel operations
BHP announced the suspension of its Nickel West operations and the West Musgrave project in Western Australia on Thursday, starting from October.
Apple and Brussels settle antitrust dispute over 'tap and go'
The European Commission has approved Apple’s plans to open up its contactless payments system to rivals, it was announced on Thursday, drawing a line under a long-running antitrust probe.